Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
It's a phrase the president deeply dislikes, but Wall Street investors stand by what they call the taco trade.
Last weekend, Trump threatened to impose additional tariffs on several European allies, unless the U.S.
was given control of Greenland.
That sent stocks sharply lower, but the president then backed down after saying he had agreed to a framework of a deal.
He provided no details, but investors were relieved, sending stocks sharply higher before gains eventually stalled.
The Dow Jones and the S&P ended the week with small losses, but it could have been worse.
Once again, the taco trade came through.
Fans have reacted with outrage at the ticket prices for the World Cup being held across the U.S., Canada and Mexico.
But Infantino justified the high ticket prices by saying FIFA had received a record 150 million ticket requests already this month.
And according to this video released at the World Sports Summit in Dubai, where he spoke, most of the proceeds will be invested towards growing soccer.
People can apply for a chance to get tickets until January 13.
It was a year defined to a large extent by tariffs.
Markets tumbled earlier this year amid fears about the potential impact of tariffs.
But stock markets since have recovered.
All three major indexes are heading to the end of the year with double-digit gains, with the Nasdaq up 22% so far in 2025.